Friday, March 05, 2021

All Indices closed positive led by IWM and SPY. All eleven sectors closed higher led by XLE 3.74%.

SPY Market Forecast 59.1 Short-term bullish pointing up in the middle zone             
   0.59   PCALL - 10 day SMA (0.75 - 1.00)             
   135.9   SKEW (120 - 135)               
                    
INTERMEDIATE TERM: Uptrend- Price above 30 &10 Wk SMA               
  6-months UP                 
  10-days DOWN                 
  3-days SIDEWAYS                 
                    
Indices                    
UP:     IWM +2.12% ; SPY +1.84% ; DIA +1.83% ; QQQ +1.51%        
Down:                       
                    
  TLT +0.19% at 138.91               
  VIX -13.69% at 24.66               
                    
Sectors                    
  11 sectors closed higher led by  XLE +3.74%  and  XLI +2.37%    Lower =  0       
  5            closing above 30d. SMA  and 6   closing below.
                    
XLE leaders     :    COP, EOG, CVX, XOM              
XLI leaders     :    UNP, CSX, CAT, UPS              
XLC leaders     :    TMUS, GOOGL, GOOG, CHTR              
                    
Uptrend XLE, XLI, XLC, XLB, XLF                 
Sideways XLP, XLV, XLK, XLU, XLRE, XLY                
Downtrend                   
                    
                    
Breath:                    
NYSE Strengthened  as  Advancers led  2546   to   725 and  Nasdaq   Strengthened  as  Advancers led 2805   to   1325    
                    
                    
NDX Leaders:                     
91 closing higher  and  12 closing Lower              
NXPI : +8.14% ;  WDC : +7.21% ;  FOX : +6.35%          
                    
DJIA Leaders:                     
28 closing higher  and  2 closing Lower              
CVX : +4.31% ;  INTC : +4.13% ;  UNH : +3.98%          
                    
SP500 Leaders:                     
468 closing higher  and  37 closing Lower              
NOV : +12.13% ;  APA : +10.82% ;  DVN : +8.43%          
                    
NASDAQ 100                   
                    
Nasdaq Above 30MA    =  29                 
NXPI, WDC, FOX, FOXA, MU, TMUS, EXPE, AMAT, ADP, INTC, BKNG, CTAS, CSX, CSCO, FISV, ORLY, CTXS, PAYX, GOOGL, MDLZ, GOOG, ULTA, CHTR, CMCSA, CDW, TCOM, KHC, MAR, SBUX
                    
Stocks to watch on  Monday                 
                    
 Nasdaq100  xsing above30   = 12                
  NXPI, MU, TMUS, AMAT, INTC, CTAS, CSX, CSCO, CTXS, PAYX, MDLZ, CHTR            
                    
 Nasdaq100  xsing below30  = 0                
                    
                    
                    
MACD Crossover:                  
Up   9                 
ADP, XEL, FISV, PEP, CERN, MDLZ, REGN, DLTR, GILD                
                    
Down   1                 
SBUX                    
                    

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